PSECU’s Smith Appointed to Philly Fed Council

Greg Smith, president/CEO of the $4 billion Pennsylvania State Employees Credit Union, has been appointed to the Federal Reserve Bank of Philadelphia’s Community Depository Institutions Advisory Council, according to a Friday release from the central bank.

Smith, whose 399,000-member credit union is located in Harrisburg, Pa., joins two bankers also appointed to the group; the three will begin their three-year terms on March 22.

More than 20 credit union leaders currently serve on Fed CDIACs across the country.

The 12-member councils are composed of representatives from commercial banks, thrift institutions and credit unions.

The Philadelphia CDIAC convenes twice a year to share insights on economic and business trends facing community depository institutions in their local markets.

Representatives from each council, typically the chairman, represent the bodies at biannual meetings with Fed Chairman Ben Bernanke in Washington. Glenn Barks, president/CEO of the $1.9 billion First Community CU of Chesterfield, Mo., and Michael Castallana, president/CEO of the $2.5 billion SEFCU in Albany, N.Y., currently serve as chair of their respective CDIACs.